Passaic, New Jersey Commercial Real Estate 1 Listing

Passaic, New Jersey: A Premier Destination for Commercial Real Estate

Introduction

Passaic, New Jersey, offers a dynamic landscape for commercial real estate (CRE) with its strategic location in the heart of the Northeast Corridor. As a city with a population of approximately 70,000, Passaic serves as a vital hub within the New York Metropolitan area. Its diverse economy, driven by industries such as manufacturing, logistics, and retail, makes it an attractive destination for investors and developers. The city’s unique positioning provides unparalleled access to major markets, enhancing its appeal in the CRE sector.

Economic and Industry Overview

Passaic's economy is heavily supported by its manufacturing base, which includes textiles, food products, and chemicals, contributing to the demand for industrial properties. The logistics sector is bolstered by the city’s proximity to major transportation networks, encouraging growth in warehouse and distribution facilities. Retail space remains in demand due to the city's vibrant local economy and consumer base. The New Jersey Economic Development Authority provides incentives and resources to support business growth and development in Passaic.

Strategic Location and Transportation Infrastructure

Passaic benefits from its proximity to major highways such as Interstate 80 and Route 21, facilitating efficient transportation and logistics operations. The city's location near Newark Liberty International Airport and the Port of New York and New Jersey offers significant logistical advantages for distribution networks. Additionally, access to rail lines via NJ Transit enhances connectivity to broader labor pools and markets. Visit the New Jersey Department of Transportation for more information on transportation infrastructure.

Commercial Real Estate Inventory & Zoning

The CRE landscape in Passaic includes several submarkets such as the Central Business District (CBD), industrial corridors, and retail strips. Key asset classes include industrial warehouses, retail spaces, office buildings, and multifamily developments. Recent zoning updates have introduced incentives for mixed-use developments and sustainability initiatives. For zoning maps and parcel viewers, visit the City of Passaic's Planning and Zoning Department.

Major Employers and Institutions

Passaic hosts several major employers, including textile manufacturers, logistics firms, and healthcare providers. Institutions like St. Mary's General Hospital contribute to the demand for medical office spaces. The city’s government and education centers also play a role in driving CRE activity. Explore the Passaic Economic Development Office for a detailed business directory.

Notable Commercial Developments & Projects

Passaic is home to significant developments, including mixed-use projects and innovation parks. Opportunity Zones within the city offer tax incentives for investors. Public-private partnerships have facilitated the growth of new commercial spaces. For project maps and planning documents, refer to the Passaic Planning Department.

Building Permits, Planning, and Development Tools

Developers can access essential resources through the City of Passaic Building and Safety Department for permits and code compliance. The city offers a permitting portal and a GIS parcel map viewer. The Planning Commission provides guidance on development codes and processes.

Market Data & Economic Reports

Public datasets, such as those from census.gov, provide valuable insights into Passaic’s economic climate. Brevitas leverages AI-powered aggregation from public data and internal insights to deliver comprehensive market intelligence. Explore Brevitas-powered dashboards for Passaic, New Jersey CRE.

Why Use Brevitas for Passaic, New Jersey CRE?

Brevitas offers a unique platform for discovering CRE opportunities in Passaic. Our AI-driven marketplace provides real-time market alerts, smart property pages, and collaborative dealroom features. Enjoy benefits such as: - Auto-generated listing pages - Advanced email and landing page tools - Seamless integration with brokers and developers - Access to exclusive listings and premium exposure